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<table width="100%" summary="page for Hedonic"><tr><td>Hedonic</td><td style="text-align: right;">R Documentation</td></tr></table>

<h2>Hedonic Prices of Census Tracts in Boston </h2>

<h3>Description</h3>

<p>a cross-section
</p>
<p><em>number of observations</em> :  506
</p>
<p><em>observation</em> :  regional
</p>
<p><em>country</em> :  United States
</p>


<h3>Usage</h3>

<pre>data(Hedonic)</pre>


<h3>Format</h3>

<p>A dataframe containing :
</p>

<dl>
<dt>mv</dt><dd><p>median value of owner&ndash;occupied homes</p>
</dd>
<dt>crim</dt><dd><p>crime rate</p>
</dd>
<dt>zn</dt><dd><p>proportion of 25,000 square feet residential lots</p>
</dd>
<dt>indus</dt><dd><p>proportion of nonretail business acres</p>
</dd>
<dt>chas</dt><dd><p>is the tract bounds the Charles River ?</p>
</dd>
<dt>nox</dt><dd><p>annual average nitrogen oxide concentration in parts per hundred million</p>
</dd>
<dt>rm</dt><dd><p>average number of rooms</p>
</dd>
<dt>age</dt><dd><p>proportion of owner units built prior to 1940</p>
</dd>
<dt>dis</dt><dd><p>weighted distances to five employment centers in the Boston area</p>
</dd>
<dt>rad</dt><dd><p>index of accessibility to radial highways</p>
</dd>
<dt>tax</dt><dd><p>full value property tax rate (\$/\$10,000)</p>
</dd>
<dt>ptratio</dt><dd><p>pupil/teacher ratio</p>
</dd>
<dt>blacks</dt><dd><p>proportion of blacks in the population</p>
</dd>
<dt>lstat</dt><dd><p>proportion of population that is lower status</p>
</dd>
<dt>townid</dt><dd><p>town identifier</p>
</dd>
</dl>



<h3>Source</h3>

<p>Harrison, D.  and  D.L.  Rubinfeld (1978) &ldquo;Hedonic housing prices and the demand for clean air&rdquo;, <em>Journal of Environmental Economics Ans Management</em>, <b>5</b>, 81&ndash;102.
</p>
<p>Belsley, D.A., E. Kuh and R. E. Welsch (1980) <em>Regression diagnostics: identifying influential data and sources of collinearity</em>, John Wiley, New&ndash;York.
</p>


<h3>References</h3>

<p>Baltagi, Badi H. (2003) <em>Econometric analysis of panel data</em>, John Wiley and sons, <a href="http://www.wiley.com/legacy/wileychi/baltagi/">http://www.wiley.com/legacy/wileychi/baltagi/</a>.
</p>


<h3>See Also</h3>

<p><code>Index.Source</code>, <code>Index.Economics</code>, <code>Index.Econometrics</code>, <code>Index.Observations</code></p>


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